All Forum Posts by: Account Closed

@Timothy Allen Honestly, drive for DoorDash or something and save the darn money. Sometimes I think people put so much work into finding an easy way around a problem, that if they put that same energy directly at the problem, they’d get there faster. If you’re currently house hacking aren’t you’re living expenses less than average?

2 Votes

@Brandon Rush Your tenants could treat it like a blank checkbook, calling vendors for everything they want but don’t need.

0 Votes

Like the title says, I’m planning on building a small, modern home in JT for a short term rental/vacation home for my family. I’ve done a lot of research, and I’m ready to find an agent. Anyone in JT have an agent they recommend? Preferably one that understands the plethora of regulations of building in the area.

0 Votes

Originally posted by @Theresa Harris:

Originally posted by @Account Closed:

@Theresa Harris In today’s market good luck with that. There’s a dozen out of state investors lined up willing to buy that house sight unseen.

And that is fine. But two wrongs don't make a right. Just because others are willing to buy it sight unseen, doesn't mean it is a good idea.

With modern technology, distance doesn’t mean much anymore. I FaceTime my realtor and PM when they are walking through the house. I see what they see. I’ve bought 2 houses without physically laying eyes on them.

5 Votes

@Theresa Harris In today’s market good luck with that. There’s a dozen out of state investors lined up willing to buy that house sight unseen.

0 Votes

Originally posted by @Andrew Perkins:

@Jonathan Hulen

I really like that you say happiness isn’t a goal! I hear a lot of people, when referring to a new interest in real estate, say something to the tune of “I’ll get passive income and finally quit my job that I hate”. But happiness isn’t a result of success. However, I think finding a goal where you enjoy the PATH to success could create happiness.

I’ve never been the guy that wants to quit my job. My goal is to get us into the position that we could quit if we wanted to.

0 Votes

Originally posted by @Joe Splitrock:

Originally posted by @Andrew Perkins:

@Joe Splitrock

It’s all about perspective! But can someone learn to shift their perspective?

Perspective is a habit you develop and it can be changed like any habit. Here is a starting point. Spend an hour and write down everything you are thankful for in your life. Read that list every first thing in the morning for 30 days. It will change your life.

I did this 11 years ago. I was 24 and in a bad spot. Life looked like a country song haha. I still remember how much of an impact it had on me.

1 Vote

To me happiness and success are two completely different things. They have nothing to do with each other. Happiness is not a goal of mine. I never think to myself “I’ll be happy when……” It’s just an emotion, something that comes and goes, but not something worth striving for. I know wealth won’t make me happy. I’m not expecting it to.

1 Vote

@Account Closed The property tax rate in California is about the national average. I wouldn’t say they are high. Higher than Nevada yes, but not high.

0 Votes

Originally posted by @Account Closed:

@Mike Hern why wouldn’t you buy in California? The best appreciation historically in the nation. Also, prop 13 keeps your taxes low. I know many people that are millionaires simply because they bought a home 20 years ago.

Not sure what you mean by "low" taxes. I have taken two houses priced at $1,000,000 per Redfin. One in Torrance CA and one in Henderson NV just as an example. Time wold fail me if I went into all the comparisons obvioulsy.

$1,000,000 in Torrance - 1521 Beech Ave,Torrance, CA 90501 - 3 Beds 2 Baths 1,360 Sq Ft - Built 1927 Lot 4,275 - Prop Tax $12,696

$1,000,000 in Henderson - 1964 Larkspur Ranch Ct, Henderson, NV 89012 - 4 Beds 4.5 Baths 3,503 Sq Ft -Built 1997 Lot 8,712 - Prop Tax $ 3,636 - (1/3 the tax of CA)

The property in Henderson is 70 years newer, twice the size, the lot is twice the size and the taxes are 1/3 of the Torrance property.

Californians are "frog in the boiling pot" mesmerized. Over time things have degraded so much they simply don't notice.

Not to mention, the crime, the traffic, the cost of living, the cost of entering the housing market, no cash flow, and the crazy politics. The state of California taxes your wealth, lifelong no matter where you move. Look it up.

I love the California weather and the water and we just got back from Leguna Beach (which we frequent) along with Newport Beach and Santa Barbara.

But, I would not invest there. There are too many unpredicables about the future course of CA.

By the way, your appreciation and $5.00 will get you a cup of coffee. You can't eat appreciation, you can't invest appreciation, you can't guarantee that appreciation will be there next year.

Those taxes in Vegas will continue to rise as the values increase. In Torrance prop 13 keeps this from happening. I should have been more specific on what I meant by low taxes. Lower in the long run because they don’t rise proportional to the property values.

1 Vote

All Forum Posts by: Account Closed

Account Closed has started 55 posts and replied 708 times.

Post: How do I purchase with little to no money down?

Post: Having tenant contact vendors directly

Post: Building a small house in Joshua Tree

Post: Long distance real estate without the visit

Post: Long distance real estate without the visit

Post: Can real estate create happiness

Post: Can real estate create happiness

Post: Can real estate create happiness

Post: “Live where you rent. Rent what you own.”

Post: “Live where you rent. Rent what you own.”